Mr. Salim wants to withdraw 20,000 rupees from the bank. Which of the following things will he do?

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Call the bank manager

Write a promissory note.

Write a letter.

Write a cheque.

answer is D.

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Detailed Solution

Mr Salim wants to withdraw 20,000 rupees from the bank; he will write a cheque.
First and foremost, one needs to have enough money in their current account to write a check for the appropriate amount. He can transfer money directly into their accounts if he wants to pay someone. However, certain information must be entered on the check if we wish to withdraw it. Those who want to remove money using cheques must have chequebooks made. Then, they fill out their information appropriately on one of the cheques. The most important thing to take care of while writing a cheque is the need for a correct and authentic signature, without which the cheque bounces.

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